In 2007, lenders reported 532 mortgage applications in Hormigueros Municipio, PR totaling $34.6 million, down 13% from 2006. The average application was for $65,000, and applicants reported an average income of $36,000. 47% of applications resulted in an originated loan and 24% were denied. The most active lender was Popular Mortgage, Inc., with 93 applications, followed by Banco Popular De Puerto Rico and R & G Mortgage Corporation.
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| Years | 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 532 |
| Total Mortgage Loan Application Amount | $34,592,000 |
| Average Mortgage Loan Application Amount | $65,000 |
| Highest Mortgage Loan Application Amount | $440,000 |
| Average Applicant Income | $36,000 |
| Highest Applicant Income | $617,000 |
| Mortgage Lender | Phone Number | Mortgage Lender Assets | Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications |
|---|---|---|---|---|
| Popular Mortgage, Inc. PO BOX 362708 SAN JUAN, PR 00936 |
* | $ 25,691,000,000 | 93 | $ 8,874,000 |
| Banco Popular De Puerto Rico PO BOX 362708 SAN JUAN, PR 00936 |
* | $ 25,020,000,000 | 85 | $ 1,069,000 |
| R & G Mortgage Corporation P O BOX 362394 SAN JUAN, PR 00936 |
* | $ 12,405,129,000 | 49 | $ 4,115,000 |
| Citibank, N.A. 601 LEXINGTON AVENUE, 20TH FLOOR NEW YORK, NY 10022 |
* | $ 1,019,497,000,000 | 34 | $ 552,000 |
| R-G Premier Bank of P.R. PO BOX 2510 GUAYNABO, PR 00970 |
* | $ 8,062,197,000 | 30 | $ 1,853,000 |
| Citimortgage, Inc 601 LEXINGTON AVENUE, 20TH FLOOR NEW YORK, NY 10022 |
* | $ 1,019,497,000,000 | 29 | $ 2,666,000 |
| Westernbak Puerto Rico PO BOX 1180 MAYAGUEZ, PR 00681 |
* | $ 17,080,020,000 | 26 | $ 692,000 |
| Doral Mortgage LLC DORAL FINANCIAL PLAZA, 1451 ROOSEVELT AV SAN JUAN, PR 00921 |
* | $ 11,855,073,000 | 22 | $ 1,946,000 |
| Oriental Bank PO BOX 195115 SAN JUAN, PR 00919 |
* | $ 4,298,305,000 | 20 | $ 1,323,000 |
| Citifinancial 300 ST. PAUL PLACE BALTIMORE, MD 21202 |
* | $ 1,745,248,000,000 | 17 | $ 904,000 |
| Banco Santander P.O.BOX 362589 SAN JUAN, PR 00936 |
* | $ 8,231,368,000 | 16 | $ 611,000 |
| Scotiabank De Puerto Rico 290 JESUS T. PIN++ERO SAN JUAN, PR 00918 |
* | $ 1,544,228,000 | 13 | $ 1,333,000 |
| Banco Bilbao Vizcaya Argentari 254 MUNOZ RIVERA AVE SAN JUAN, PR 00918 |
* | $ 6,331,376,000 | 13 | $ 1,520,000 |
| Santander Financial Services P.O. BOX 362589 SAN JUAN, PR 00936 |
* | $ 8,082,156,000 | 12 | $ 663,000 |
| Firstmortgage PO BOX 9146 SAN JUAN, PR 00908 |
* | $ 9,582,507,000 | 10 | $ 768,000 |
| Doral Bank 268 PONCE DE LEON SUITE 910 SAN JUAN, PR 00918 |
* | $ 9,220,610,000 | 9 | $ 479,000 |
| Santander Mortgage Corporation PO BOX 192199 SAN JUAN, PR 00919 |
* | $ 47,000,000 | 7 | $ 804,000 |
| Cmfc, Inc. 850 THIRD AVENUE, 12TH FLOOR NEW YORK, NY 10022 |
* | $ 279,830,959,000 | 6 | $ 624,000 |
| Firstbank Puerto Rico PO BOX 9146 SANTURCE, PR 00908 |
* | $ 16,488,291,000 | 5 | $ 346,000 |
| Express Solution Mortgage Corp 1606 PONCE DE LEON AVE. SUITE L-06 SAN JUAN, PR 00909 |
* | $ 15,000,000 | 5 | $ 375,000 |
| Popular Finance, Inc. PO BOX 362708 SAN JUAN, PR 00936 |
* | $ 25,691,000,000 | 5 | $ 244,000 |
| Cooperativa De Ahorroy Credito PO BOX 608 RINCON, PR 00677 |
* | $ 10,000,000 | 4 | $ 576,000 |
| Cooperativa A/C Cabo Rojo PR 100 KM. 7.0 BO.MIRADERO CABO ROJO, PR 00623 |
* | $ 10,000,000 | 3 | $ 156,000 |
| The Mortgage House Inc. 915 ROBERTO SANCHEZ VILELA AVE SAN JUAN, PR 00924 |
* | $ 10,000,000 | 2 | $ 132,000 |
| Mortgage One Group PO BOX 142213 ARECIBO, PR 00614 |
* | $ 10,000,000 | 2 | $ 111,000 |
| Eurobank PO BOX 191009 SAN JUAN, PR 00926 |
* | $ 2,500,164,000 | 2 | $ 187,000 |
| Baxter Credit Union 340 N MILWAUKEE AVE 340 N MILWAUKEE AVE, IL 60061 |
* | $ 1,169,907,000 | 2 | $ 208,000 |
| Nlc Puerto Rico AM TOWER PISO 1 207 C/DEL PARQ SAN JUAN, PR 00907 |
* | $ 10,000,000 | 2 | $ 387,000 |
| The Moneyhouse Inc. #52 CALLE PASEO COVANDONGA SAN JUAN, PR 00901 |
* | $ 10,000,000 | 1 | $ 72,000 |
| Aaa Concordia Mortgage Corp. RR-37 BOX 1837 TEL. 758-1188 SAN JUAN, PR 00926 |
* | $ 3,823,000 | 1 | $ 67,000 |
| Aeela Mortgage PO BOX 71502 SAN JUAN, PR 00936 |
* | $ 10,000,000 | 1 | $ 86,000 |
| Pentagon Federal Credit Union 14300 SULLYFIELD CIRCLE CHANTILLY, VA 20151 |
* | $ 9,339,663,000 | 1 | $ 130,000 |
| Citifinancial Plus 300 ST. PAUL PLACE BALTIMORE, MD 21202 |
* | $ 279,830,959,000 | 1 | $ 126,000 |
| Cooperativa De A\C Oriental PO BOX 876 HUMACAO, PR 00791 |
* | $ 10,000,000 | 1 | $ 175,000 |
| Golden Mortgage Bankers CALLE BORI 1534 URB. BELISA SAN JUAN, PR 00927 |
* | $ 10,000,000 | 1 | $ 307,000 |
| Advance Mortgage Bankers, Inc. P.O. BOX 50286 TOA BAJA, PR 00950 |
* | $ 15,555,000 | 1 | $ 78,000 |
| Preferred Mortgage LLC 307 AVE FD ROOSEVELT SAN JUAN, PR 00918 |
* | $ 10,000,000 | 1 | $ 33,000 |
The tables below break down 2007 mortgage applications in Hormigueros Municipio, PR by loan purpose, applicant race, loan type, outcome and denial reason. Click a column heading to sort.
Loan Purpose |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Home Improvement | 200 | $4,346,000 | $21,000 | $233,000 | $31,000 | $617,000 |
| Refinancing | 180 | $16,147,000 | $89,000 | $440,000 | $35,000 | $238,000 |
| Home Purchase | 152 | $14,099,000 | $92,000 | $307,000 | $44,000 | $455,000 |
Applicant Race |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Hispanic | 479 | $30,372,000 | $63,000 | $307,000 | $36,000 | $617,000 |
| Not applicable | 44 | $3,921,000 | $89,000 | $440,000 | $27,000 | $262,000 |
| Not Provided | 6 | $122,000 | $20,000 | $85,000 | $71,000 | $302,000 |
| White | 3 | $177,000 | $59,000 | $85,000 | $50,000 | $124,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 0 | $0 | $0 | $0 | $0 | $0 |
| Black or African American | 0 | $0 | $0 | $0 | $0 | $0 |
Loan Type |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 489 | $30,548,000 | $62,000 | $440,000 | $37,000 | $617,000 |
| FHA-insured (Federal Housing Administration) | 40 | $3,652,000 | $91,000 | $178,000 | $24,000 | $74,000 |
| VA-guaranteed (Veterans Administration) | 3 | $392,000 | $130,000 | $150,000 | $52,000 | $68,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
Outcome |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Loan Originated | 250 | $16,212,000 | $64,000 | $257,000 | $39,000 | $617,000 |
| Application Denied By Financial Institution | 130 | $6,421,000 | $49,000 | $307,000 | $30,000 | $238,000 |
| Loan Purchased By The Institution | 55 | $4,578,000 | $83,000 | $440,000 | $28,000 | $262,000 |
| Application Withdrawn By Applicant | 49 | $4,425,000 | $90,000 | $307,000 | $42,000 | $220,000 |
| File Closed For Incompleteness | 30 | $1,773,000 | $59,000 | $196,000 | $46,000 | $302,000 |
| Application Approved But Not Accepted | 18 | $1,183,000 | $65,000 | $220,000 | $29,000 | $70,000 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Denied by Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
Denial Reason |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Credit History | 24 | $1,015,000 | $42,000 | $190,000 | $39,000 | $238,000 |
| Debt-To-Income Ratio | 13 | $528,000 | $40,000 | $145,000 | $22,000 | $68,000 |
| Other | 5 | $357,000 | $71,000 | $92,000 | $29,000 | $45,000 |
| Collateral | 3 | $277,000 | $92,000 | $108,000 | $34,000 | $49,000 |
| Credit Application Incomplete | 2 | $143,000 | $71,000 | $98,000 | $32,000 | $48,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) loan application records that lenders file with the FFIEC each year, and count every application (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.
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